According to Alibaba founder Jack Ma\'s own telling, he decided to spend $192 million for a 50% stake in the Guangzhou Evergrande soccer team after talking with the team\'s owner for 15 minutes over drinks. The deal was signed days later and closed the following month. Mr. Ma added that he doesn\'t know anything about soccer and previously had no idea how much a soccer team is worth.

— careless business purchase  

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